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What other resources can I use to plan and save for college expenses?

Curious about College planning calculator

What other resources can I use to plan and save for college expenses?

There are several resources available to help you plan and save for college expenses in India. Here are some options:

1. Education Savings Plans: Education savings plans are specialized investment accounts that allow you to save for college expenses while earning taxfree returns. These plans are offered by many financial institutions in India, including banks and mutual fund companies.

2. Scholarships and Grants: Many organizations in India offer scholarships and grants to students based on their academic achievements, financial need, and other criteria. You can search for available scholarships and grants on online portals, such as Buddy4Study, ScholarshipPortal, and Scholarships.com.

3. Education Loans: Education loans are offered by many banks and financial institutions in India to help cover the cost of tuition, fees, and other expenses related to college education. You can compare the interest rates and other terms and conditions of different education loans to find the one that suits your needs.

4. Government Schemes: The Government of India has launched various schemes to support students from lowincome families to pursue higher education. For example, the National Scholarship Portal offers scholarships for students pursuing postmatriculation education, and the Central Sector Scholarship Scheme provides financial assistance to meritorious students from economically weaker sections.

5. Personal Savings and Budgeting: You can also plan and save for college expenses by creating a budget and setting aside money each month. This can be done through personal savings, parttime jobs, or freelancing opportunities.

Overall, it is recommended to explore multiple options and create a comprehensive plan to ensure you are able to cover the cost of college expenses in India.

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